This basis of premium involves units of exposure, and the quantity comprising each unit of. exposure is indicated in the classification rates, such as âper personâ. Endurance American Specialty Insurance Company EGL 1305 0606. Page 2 of 5.
DEFINITION of 'Conservatorship' A conservatorship is a situation or circumstance wherein the courts determine that an individual is not capable of overseeing and dealing with legal matters, thus the individual appoints someone else, a conservator, to take care of such matters.
For one, a power of attorney is limited to financial assets, whereas a conservatorship, also called an adult guardianship, can have two components: a conservatorship of the estate (providing management of money and other property) and a conservatorship of the person (health care and living decisions).